Obama wants to give the federal reserve more power!!!

Obama, Bernanke Talk Economy - WSJ.com

Obama spokesman Michael Ortiz said the senator had "an informative meeting" with Mr. Bernanke about the health of the U.S. economy and the risks of further economic deterioration. Mr. Ortiz said Sen. Obama made clear his respect for the independence of the Federal Reserve system.

In March Sen. Obama proposed broadening government regulation of financial markets and expanding the power of the Federal Reserve to oversee investment banks in certain cases.

His plan would allow the Fed to set capital and liquidity requirements for securities firms that borrow money from the central bank. Currently, the Fed only has such power over commercial banks, but has had some oversight over securities firms after it started lending to them in March.

This really worries me. The federal reserve has too much power as is. This, along with his latest trip to Israel has definitely persuaded me to vote 3rd party this year. I have doubts it will matter, however.

[edit on 31-7-2008 by Barcs]

It's part of the New World Order objectives.

Obama is doing exactly what Lincoln and Kennedy warned Americans about. It will no longer be a country for the people, but controlled by investment bankers and energy companies.

Ironic isn't it? Obama preaches he will be for the people, yet this is not individualism. It is Marxism and government monopolization.

Obama is lieing to you.

The Federal Reserve has done much toward the destruction of this country.

As Thomas Jefferson said "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Give them MORE power? Stick a fork in America, she's done.

That's because he's a stupid shill for the NWO!!! He's been bought and paid for by the zionist corporatocracy and will advance THEIR cause at every opportunity if he makes it into office.

People, there will be NO change - get that through your thick, idealistic skulls. NONE! Stop your stupid juvenile adoration, yank your heads out of your southern orifice and get a clue. McCain and Obama are BOTH THE SAME!!!

JEEEEEEEEEEEEEEEEEEEEESH!

watch & see, if he wins office, the Fed get all those powers to control & regulate Investmant banks, and all those other banks & thrifts, the hedge funds, and all financial products created by these entities.



watch the social security trust fund get 50% set aside in individual accounts, which the Fed then would get its hands on to a certain degree.
All that would be Treasury & govt 'pay-back' to the Federal Reserve for taking all that trillion dollars of bogus CDOs and hokey-pokey debt paper that wall street sold the public & foreigners back in 2008-09